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Tehama County's median household income sits at $61,834, which stretches to homes in the $350K–$450K range. Asset Depletion Loans open purchasing power for buyers whose savings exceed their current income.
The county's population of 65,520 includes many who've built wealth over decades but don't show high annual income on tax returns. Asset Depletion Loans count your liquid savings as qualifying income, allowing you to borrow against what you've saved rather...
620
Minimum FICO
$61,834
County Median Income
10–20%
Down Payment Range
45–60 days
Closing Timeline
$832,750
Conforming Limit (2026)
Asset Depletion Loans in Tehama
Asset Depletion Loans require a minimum FICO score of 620 and typically 10–20% down. The key difference: instead of dividing your annual income by 12, lenders divide your liquid savings by 360 months to create a qualifying income figure.
Tehama County's $61,834 median household income means most buyers here earn under $5,200 monthly. Asset Depletion Loans solve this for retirees with pension income plus savings.
Local decision guide
Use this guide to connect asset depletion loans eligibility, lender expectations, and local market factors before comparing payment options in Tehama.
Tehama County's median household income sits at $61,834, which stretches to homes in the $350K–$450K range. Asset Depletion Loans open purchasing power for buyers whose savings exceed their current income.
The county's population of 65,520 includes many who've built wealth over decades but don't show high annual income on tax returns. Asset Depletion Loans count your liquid savings as qualifying income, allowing you to borrow against what you've saved rather...
Asset Depletion Loans require a minimum FICO score of 620 and typically 10–20% down. The key difference: instead of dividing your annual income by 12, lenders divide your liquid savings by 360 months to create a qualifying income figure.
Asset Depletion Loans are a niche product. Most retail banks don't offer them; portfolio lenders and credit unions lead the market. California brokers access these loans through lenders who specialize in non-traditional income.
Closing timelines run 45–60 days, not the 30–45 days typical for conventional loans. Lenders require 2–3 months of bank statements and proof that funds won't be depleted for living expenses. The trade-off: you qualify when W-2 income alone wouldn't work.
Asset Depletion Loans make sense in Tehama for buyers aged 55+ with $150,000+ in liquid savings and modest W-2 income. The county's median income of $61,834 is low enough that many retirees fall short on conventional qualifying.
They don't make sense if you have strong W-2 income or if your savings are tied up in retirement accounts. Conventional loans will always be faster and cheaper.
Conventional loans require income that shows on tax returns or pay stubs. If you're semi-retired or living on savings, you won't qualify. Asset Depletion Loans count your bank balance as income, so you qualify when conventional lenders say no.
FHA loans also require documented income and don't count savings as qualifying income. They're faster to close but won't help if your W-2 is too low. Asset Depletion Loans are the only option that treats your savings as your income source.
Tehama County's population of 65,520 reflects a mature, stable community. Many residents have lived here for decades and built substantial savings.
The county's median household income of $61,834 is below the state average. For retirees and semi-retired professionals, this creates a qualifying gap that Asset Depletion Loans close. You can stay in Tehama and buy without forcing income you don't have.
Yes. Retirement is the ideal scenario for Asset Depletion Loans. Lenders count your liquid savings as qualifying income, so you don't need W-2 paychecks. You'll need 2–3 months of bank statements and proof the funds are accessible.
Lenders divide your liquid savings by 360 months. A $200,000 savings account counts as $556 monthly qualifying income. The exact amount depends on what's liquid—checking, savings, money market, and non-retirement investments count.
Typically 10–20% down. Some lenders require 15% minimum. Down payment comes from your liquid assets, so you'll need enough savings for both the down payment and the monthly qualifying income calculation.
45–60 days. Asset Depletion Loans take longer than conventional loans because lenders must verify and season your assets. You'll provide 2–3 months of statements, and underwriting is more thorough.
No. Asset Depletion Loans eliminate the need for a co-signer by counting your savings as income. As long as you have sufficient liquid assets and a 620+ FICO, you qualify on your own.